Cannabis Strategic Ventures (NUGS): They are oblivious to California's c...

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Scumbag Fraudsters

Re: KingofPennies post# 23256

Saturday, 09/25/2021 6:34:01 PM

Saturday, September 25, 2021 6:34:01 PM

They are oblivious to California's cannabis glut.

More acreage only worsens the problem for everyone.

Shareholders feel it, why can't Yu see it?

California is growing more legal cannabis than it can sell

The Humboldt County Grower Association’s Ross Gordon told MJBizDaily.com Aug. 7 that he estimates the state is growing 1,700 acres of legal cannabis, but stores are only selling an estimated 1,100 acres of product.

According to the California Department of Cannabis Control, the state has 7,297 active cannabis farm licenses as of Aug. 30, 2021.

https://www.leafly.com/news/industry/california-pot-supply-glut-2021

‘It’s gonna be a bloodbath’: epic marijuana oversupply is flooding California, jeopardizing legalization

https://www.forbes.com/sites/chrisroberts/2021/08/31/its-gonna-be-a-bloodbath-epic-marijuana-oversupply-is-flooding-california-jeopardizing-legalization/

Santa Barbara Cannabis: pot price drop and market glut?

https://www.independent.com/2021/09/16/santa-barbara-cannabis-pot-price-drop-and-market-glut/